PR.com: Business Directory, Press Releases, Jobs, Products, Services, Articles
 
Businesses Articles Press Releases Follow @PRcom
Press Release Pricing | News by Category | News by Country | News by US Region | Recent News | PR.com News on Your Site
 

Press Releases

 
The Boulder Group

Press Release


Receive press releases from The Boulder Group: By Email PDF Version RSS Feeds:

The Boulder Group Arranges the Sale of a Triple Net Leased Shopko Hometown Property


Randy Blankstein and Jimmy Goodman of The Boulder Group represented both the buyer and seller in the transaction.

Northbrook, IL, October 02, 2014 --(PR.com)-- The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Shopko Hometown property located at 1140 East Fifth Street in Winner, SD for $2,450,000.

The Shopko Hometown property is located along US Route 183 at the southern entry point to the town of Winner. US Route 183 is the primary thoroughfare in the region. Shopko Hometown faces limited competition as the closest Walmart is located over 75 miles away in Pierre, South Dakota. Furthermore, Shopko Hometown is the only national pharmacy in the community. The Shopko benefits from a long standing operating history at this location and strong brand recognition within the community. Shopko has successfully operated at this location since 1991 and executed an early lease extension in 2007 to extend the lease until 2022. There are eight years remaining on the Shopko lease.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented both the buyer and seller in the transaction. The seller was a Midwest based real estate partnership and the buyer was an East Coast based private investment firm.

There are over eight years remaining on the absolute net lease that expires in November 2022. The lease features a rental escalation in the primary term and in each renewal option. Shopko is a $3 billion retailer that operates over 330 stores in 21 states.

“As there is a limited amount of long term core assets on the market, some net lease investors are seeking assets with shorter term leases or assets in secondary markets,” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “The market for net leased properties with shorter term leases remains active as investors are attracted to the higher yield these assets generate.”

About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $1.8 billion of single tenant net lease real estate transactions. From 2011-2013, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by Real Capital Analytics. The Boulder Group is headquartered in suburban Chicago.
Contact Information
The Boulder Group
Randy Blankstein
847-881-6388
Contact
http://bouldergroup.com/NNN-Properties-For-Sale.html

Click here to view the list of recent Press Releases from The Boulder Group
Promote Your Business